Word: annually
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Dates: during 1980-1989
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Alford himself called off his annual summer teaching seminar in China, and other scholars said they are less sure of the ease with which they will be able to enter and exit China...
...imagine a country that regularly runs annual budget deficits five times as bad as those of the U.S.; whose fiscal policy is so paralyzed by political rivalries that its national debt is equal to its gross domestic product (vs. only 50% for the U.S.); whose debt problem is so out of hand that interest payments alone amount to 8% of GDP. Compared with this, the U.S. seems almost a model of fiscal probity...
...attracting little international criticism or even attention. Perhaps insolvency resides in the eye of the beholder, for there can be no doubt about the numbers. Italian governments have been abusing their credit cards for 20 years, piling debt onto debt. Only once in the past dozen years has the annual budget deficit been less than 10% of GDP. By contrast, the worst U.S. ratio was 3.8% in 1983; last year it was only 1.8%. Moreover, most of Italy's debt is short to medium term, subject to volatile interest rates. A 1% rise in short-term rates costs the government...
...Italian economy, however, ignores the problem. For the past six years, its annual growth rate of 3.5% to 4% has been one of Europe's highest. Inflation has come down smartly from more than 20% in 1980 to 5% last year. The lira has appreciated against most other currencies. To be sure, interest rates are still in double figures, and unemployment is stuck above 10%, but that figure is skewed by a higher jobless rate in the backward south; in the thriving north, it is lower. Overall, Italy's economic performance is sparkling. How do the Italians...
...question is, Does any of this work? In Georgia, where boot camps were invented in 1983, boosters claim that it costs only $3,400 to house and revamp one inmate in 90 days, in contrast to the $15,000 annual bill for housing a prisoner in the state penitentiary. Boot camps provide one unquestioned benefit: they get the youthful offenders off the street and give them a taste of the debasement of prison life while offering them a startling "one last chance" to straighten...